Taiwan's Electronic Component Exports Fall in First Three Quarters
Taiwan’s exports of electronic components, its biggest category of exports, declined by 1% during the first three quarters of 2019, according to recent data from the island’s finance authority.
The island’s electronic components exports amounted to 80.9 billion US dollars during the first nine months of 2019, accounting for one third of its total exports.
The export of ICs saw a 2% rise during the period, totalling $71.8 billion. Other components, including printed circuit, LED, solar panels and capacitors and resistors, suffered a 20% decrease in total exports.
Solar panels and capacitors and resistors suffered the steepest decline of 71% and 29% respectively, as Chinese mainland businesses have experienced accelerated growth in these sectors, according to Taiwan’s finance authority.
In terms of Q3 2019, the total export of electronic components increased by 3.9% year on year, with IC exports rising by 8.1 percent, with other components falling by 21.5%. Economic uncertainties such as the US-China trade conflict and Brexit have taken a toll on the export-driven island, according to Simon Wang, executive vice president of the Taiwan External Trade Development Council. However, it is expected that December will see export orders rebound, thanks to rising demand for 5G applications and high-performance computing devices.